Bristow Group (NYSE:VTOL) COO Stuart Stavley Sells 10,218 Shares

Bristow Group Inc. (NYSE:VTOL) COO Stuart Stavley sold 10,218 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $46.20, for a total transaction of $472,071.60. Following the sale, the chief operating officer directly owned 64,740 shares in the company, valued at approximately $2,990,988. This represents a 13.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Bristow Group Stock Performance

Shares of VTOL stock opened at $45.46 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.26 and a quick ratio of 1.85. The business has a fifty day moving average of $44.13 and a 200 day moving average of $44.83. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 13.10 and a beta of 1.22. Bristow Group Inc. has a 1 year low of $35.03 and a 1 year high of $50.38.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.19). The firm had revenue of $411.75 million during the quarter, compared to analysts’ expectations of $407.28 million. Bristow Group had a return on equity of 9.82% and a net margin of 6.66%. As a group, research analysts expect that Bristow Group Inc. will post 3.31 earnings per share for the current year.

Bristow Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, August 14th. Bristow Group’s payout ratio is presently 14.41%.

Institutional Trading of Bristow Group

Several institutional investors have recently bought and sold shares of VTOL. Raymond James Financial Inc. acquired a new stake in Bristow Group in the 2nd quarter worth about $25,000. Public Employees Retirement System of Ohio acquired a new position in shares of Bristow Group during the second quarter valued at approximately $27,000. Nykredit A S purchased a new position in shares of Bristow Group in the second quarter valued at approximately $27,000. Clearstead Advisors LLC boosted its stake in shares of Bristow Group by 1,450.7% in the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock worth $39,000 after acquiring an additional 1,001 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Bristow Group by 1,645.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock worth $41,000 after acquiring an additional 1,053 shares during the last quarter. 93.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on VTOL. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bristow Group in a report on Friday, May 29th. Zacks Research raised Bristow Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Wall Street Zen downgraded Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Bristow Group Company Profile

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow’s operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world’s most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.